European Commission Reveals ‘Action Plan’ to Decarbonize Steel & Metal Industries
The plan will ensure an affordable and secure energy supply for the sector, prevent carbon leakage, expand and protect European industrial capacities, promote circularity, protect quality industrial jobs, and ensure de-risking of decarbonisation. Mar 20, 2025 In order to maintain and expand European industrial capacities in the steel & metal sectors, as well as strengthen […]
DGTR Recommends Provisional Safeguard Duty of 12 Percent On Import of Flat Steel Products
DGTR has recommended safeguard duty on several non-alloy and alloy steel flat products, including hot rolled coils, sheets and plates; HR plate mill plates; cold rolled coils and sheets; metallic coated steel coils and sheets, both profiled or not; colour coated coils and sheets, whether profiled or not; and galvanneal steel coated with Zinc or […]
World’s Largest Single-Strand Mini Mill to Commence Steel Production by 2026
The facility will manufacture wire rod as an import substitute, helping Bangladesh to save around USD 250 million. It will also reduce the production cost per tonne of steel through the use of environment-friendly technology. Mar 17, 2025 Bashundhara Multi Steel Industries (BMSIL) has announced that the world’s largest single-strand mini mill, being established at […]
JTL Industries Incorporates JTL Engineering; Acquires Nabha Steels & Metals
JTL Industries Limited has incorporated JTL Engineering Limited, earlier known as Nabha Steels & Metals, as its subsidiary. Mar 12, 2025 JTL Industries Limited has incorporated JTL Engineering Limited as its subsidiary. The company was formerly known as Nabha Steels & Metals. This transition aligns with JTL’s long-term strategy to strengthen its market position in […]
EUROFER Seeks Simplification of CBAM to Increase its Effectiveness
In order to simplify and make Carbon Border Adjustment Mechanism (CBAM) effective, EUROFER has sought introduction of a structural legislative solution to preserve European exports and reduce the high risk of resource shuffling, as well as extend the mechanism’s scope to steel-intensive downstream products. Feb 19, 2025 Following the high-level conference “A Carbon Border Adjustment […]
Government Mandates BIS Mark on Manufacturing & Sale of Stainless Steel Seamless Pipes & Tubes
As per the Stainless Steel Pipes and Tubes (Quality Control) Order, 2025, which will come into effect on August 1, 2025, it will be compulsory for the companies to carry a mark of the Bureau of Indian Standards (BIS) on the production, trading, storage, import and sale of stainless steel seamless pipes and tubes. Feb […]
Indian Steel Association Expresses Concern Over Tariffs Imposed by US on Steel Imports
ISA President Naveen Jindal urged the government of India to push for the removal of long-standing ADD & CVD duties and secure exemptions from restrictive measures imposed by the US. Feb 14, 2025 The Indian Steel Association (ISA) has expressed its serious concern over the recent order passed by US President Donald Trump raising tariffs […]
Budget 2025: Favourable Policy Measures Make Conducive Environment For Robust Growth of Steel Sector
Schemes such as allocation of INR 11.21 lakh crore for infrastructure, Maritime Development Fund, Urban Challenge Fund and National Manufacturing Mission will attract fresh investments in the steel sector, create significant employment opportunities and improve global competitiveness. Feb 12, 2025 The steel industry, which plays a crucial role in the development of the country, is […]
Baldota Group To Set Up 10.5 Million TPA Integrated Steel Plant in Karnataka worth INR 54,000 Crore
The greenfield steel mill will be set up in Koppal taluk of Karnataka under the name of Baldota Steel and Power Limited (BSPL). It is expected to create direct and indirect job opportunities for 15,000 people and redefine the steel industry of the country. Feb 13, 2025 Baldota Group, a leading business conglomerate having diversified […]
Naveen Jindal Bids USD 1 Billion to Acquire Italian Steelmaker Acciaierie d’Italia
Naveen Jindal aims to transform the traditional blast furnaces of Acciaierie d’Italia (ADI), having an annual steel production capacity of around 10 million tonnes, into energy-efficient electric arc furnaces, aligning with modern environmental standards. Feb 10, 2025 Chairman and promoter of Jindal Steel and Power Limited (JSPL), Mr. Naveen Jindal, has submitted a bid of […]
